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Game On for Neptun Deep

January 3, 2023

In 2008, OMV Petrom entered a joint venture with ExxonMobil for the exploration of the Neptun Block in the deep-water sector of the Black Sea. The block covers an area of approximately 7,500 square kilometres in water depths ranging from 100-1,700 meters. According to OMV Petrom, over 1.5 billion USD…

Petroleum Club of Romania Wake-up Call on Public Procurement

December 10, 2022

We are going through complicated times, probably unique in the last 30 years and since the apparition of the current public procurement concept in Romania. According to Petroleum Club of Romania (PCoR), consultation with potential tenderers, provided by the law (Law No. 208/11.07.2022, updating Law No. 98/2016), is missing. “Before…